Le Lézard
Classified in: Transportation, Business
Subjects: ERN, CCA

Rassini, S.A.B. de C.V. and Subsidiaries Unaudited Results for the Fourth Quarter and Fiscal Year 2017


MEXICO CITY, Feb. 19, 2018 /PRNewswire/ -- Rassini, S.A.B. de C.V. (Mexican Stock Exchange Ticker: RASSINI), a company engaged in the design and manufacture of suspension and brake components for the automotive industry, announced today its unaudited financial results for the fourth quarter and fiscal year 2017.

Fiscal Year 2017 Financial Highlights:

Fourth Quarter 2017 Financial Highlights:

U.S. auto sector presented a stronger performance resulting from several factors, among them, auto sales adjusted by seasonality (SAAR) in December reached 17.8 million of vehicles, inventories level normalized lower to a healthy 61 days of supply and various macroeconomic factors linked to the industry tracked more positively (GDP growth, unemployment rate, initial jobless claims, consumer confidence, etc.).

Financial Results:

Consolidated

Fiscal Year 2017 Results

(January 1-December 31)

Fourth Quarter Results

(October 1-December 31)

2017

(mill. pesos)

2016

(mill. pesos)

%
Change

2017

(mill. pesos)

2016

(mill. pesos)

%
Change

Sales

$18,104

$16,340

11%

$4,511

$4,353

4%

Gross Profit

$4,581

$4,373

5%

$1,130

$1,146

(1%)

EBITDA

$3,366

$3,190

6%

$836

$821

2%

Net Income before taxes
and minority interest

$1,992

$1,935

3%

$499

$470

6%

Net Income

$1,475

$1,431

3%

$272

$201

35%

For a complete overview of our financial results, please visit:
http://ir.rassini.com/en/reportes-trimestrales

Conference Call:

Rassini will host a conference call on Tuesday, February 20, 2018 at 9:00 a.m. (U.S. Central Time/Mexico City Time) / 10:00 a.m. (U.S. Eastern Time) to discuss its unaudited fourth quarter and full year financial results and recent business activities.

The conference call may be accessed using the following numbers:

US:

+1-844-266-7440

Mexico:

01-800-926-9157

International:

+1-213-784-1694

Passcode:

9058189

Please dial in approximately 10 minutes before the scheduled time of this call.

A replay of the conference call will be available starting from 12:00 p.m. (U.S. Central Time/Mexico City Time) on February 20, 2018 to 11:59 (U.S. Central Time/Mexico City Time) on February 27, 2018 using the following numbers:

US:

+1-855-859-2056

Mexico:

404-537-3406

Passcode:

9058189

A presentation deck for the call will be available at:
http://ir.rassini.com/en/reportes-trimestrales

RASSINI

Rassini is a leading designer and manufacturer of suspension and brake components for the global automotive industry, mainly focused on original equipment manufacturers (OEMs).

Rassini is the world's largest producer of suspension components for light commercial vehicles, as well as the largest fully integrated brakes disc producer in the Americas. Rassini has eight manufacturing sites strategically located in Mexico, the U.S. and Brazil, as well as four tech centers located in the same countries.

Suspension products include leaf springs (parabolic and multi-leaf) for light and commercial trucks, coil springs and bushings. The brakes business manufactures rotors, drums, brake assemblies, clutch plates and motor balancers.

Its solid and diversified customer base includes: General Motors, Ford Motor Co., FCA, Nissan, Volkswagen, Toyota, MAN, Scania, Maserati, Mercedes Benz and Daimler among others.

Contact:

Emma Bocanegra Fragoso
Rassini, S.A.B. de C.V.
Tel: (5255) 5229-58-34
E-mail: [email protected]  
www.rassini.com

SOURCE Rassini, S.A.B. de C.V.


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